Temasek Holdings (Temasek)

Temasek sells stakes in Thai telco Intouch for $701 mil

(Aug 15): Units of Singapore's sovereign fund Temasek -- Aspen Holdings and Anderton Investments -- launched an overnight block trade on Wednesday for 15.6 billion baht ($701 million) or 8.02% of its stakes in Thai telco company Intouch Holdings, according to a term sheet.

Intouch owns stakes in Thailand's largest mobile phone network Advanced Info Service (AIS) and satellite operator Thaicom.

China's Centurium Capital raises over $2.7 bil from GIC, Temasek, others

HONG KONG (July 3): China's Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than US$2 billion ($2.7 billion) in its debut fund, giving the private equity firm more firepower to cut deals involving the world's second-largest economy.

The firm, co-founded by the former head of Warburg Pincus Asia Pacific, David Li, said in a statement on Wednesday that Centurium Capital Partners 2018 LP raised the sum in US dollars.

Goldman ex-chief China economist Tang is poised to join Temasek

SINGAPORE (June 17): Goldman Sachs Group Inc’s former chief China economist MK Tang will join Temasek Holdings after almost seven years at the US bank, according to people familiar with the matter.

Tang will be part of the portfolio strategy and risk group co-headed by Michael Buchanan, said the people, who asked not to be identified as the appointment is not public. Representatives for Temasek and Goldman Sachs declined to comment.

Mapletree eyes $10 bil of deals a year as more funds planned

SINGAPORE (June 17): Mapletree Investments may strike up to $10 billion of deals annually buying and selling properties as it seeks to set up more private funds over the next five years.

Temasek-linked Astrea V private equity bond to satisfy investors' yearning for yield

SINGAPORE (June 17): With a subscription rate of 7.4 times, the private-equity bond fund issued by Temasek Holdings’ PE vehicle Astrea IV last year was popular with yield-seeking investors in Singapore.

Almost exactly a year later, a new offering of US$600 million ($818.7 million), the Astrea V, follows.

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Malaysia's markets set for rebound, ex-CIMB chief Nazir says

(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank.

The country’s benchmark stock index slipped 11%, the most among Asia’s most actively-trade stock markets, while the ringgit currency lost 4.5%. The selloff came after Prime Minister Mahathir Mohamad defeated Nazir’s older brother Najib Razak at the polls, which led to Malaysia’s first change in government since its independence.

Temasek to buy stake in Danish engineering firm for $2 bil

(Mar 13): Singapore state investor Temasek Holdings agreed to buy about 30% of Denmark's Haldor Topsoe A/S, the companies said, in a transaction that a source said values the engineering firm at around US$1.5 billion ($2 billion).

As part of the deal, Temasek will subscribe to secondary shares issued by the Topsoe family, which currently owns 100% of the company through Haldor Topsoe Holding A/S, said a person with direct knowledge of the deal.

27-year-old female CEO's startup gets near US$1 bil valuation

SINGAPORE (Feb 13): Zilingo’s path to becoming a fashion platform with a valuation approaching US$1 billion ($1.36 billion) began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbour at a house party in the Indian tech capital Bengaluru.

Temasek ramps up pressure over Standard Chartered turnround: FT

SINGAPORE (Jan 21): Standard Chartered’s largest investor Temasek has grown frustrated with the slow pace of chief executive Bill Winters’ turnround, according to a report by The Financial Times of UK, and is stepping up pressure on the UK-listed bank ahead of his pivotal strategy update in February.

Temasek, Uber CEO invest in urban farming startup

SAN FRANCISCO (Dec 13): Bowery Farming Inc, a two-year-old startup that uses robotics to cultivate crops indoors, is on track for more growth.

The New York-based company plans to announce on Wednesday that it raised US$90 million ($123.4 million) from investors including Alphabet Inc's GV and Uber Chief Executive Officer Dara Khosrowshahi, said Bowery's co-founder and CEO, Irving Fain. The company declined to provide its valuation.

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